Joan and Sanford Weill give $5 million for U-M's Ford School of Public Policy
building

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ANN ARBOR, Mich.—The Gerald R. Ford School of Public Policy at the University
of Michigan announced today (Feb. 18) a $5 million gift from Joan and Sanford
Weill and the Weill Family Foundation, in support of the construction of a
new building to house the school. The Weills made their gift in honor of President
Gerald R. Ford, with whom they have a longstanding friendship.

"I am greatly touched by Sandy and Joan Weill's decision to make this
generous donation to the Ford School in my honor," Ford said. "In
recognition of their gift and our friendship of more than 20 years, I have
asked the University to name the new building the Joan and Sanford Weill Hall."

"This gift will be tremendously important in helping the Ford School
grow and develop its educational and research programs into the future," said
U-M President Mary Sue Coleman. "The school, which bears both President
Ford's name and his commitment to preparing young people for a life of public
service, will be able to continue this important work in a modern, technologically
advanced facility designed specifically for the work of faculty and students."

The Ford School of Public Policy was named for President Ford in 1999 in recognition
of his long and outstanding career of public service. President Ford has helped
the University raise more than $17 million toward construction of the new building
and to support the school's academic programs.

The new building, to be named Joan and Sanford Weill Hall upon approval of
the Board of Regents, will be located on the northeast corner of State and
Hill streets, serving as a southern gateway to the U-M's Central Campus. The
80,000-square-foot facility will feature classrooms, a library, research centers,
a computer laboratory, faculty offices, and public spaces for conferences and
lectures. The internationally recognized firm of Robert A.M. Stern Architects
has been selected to design the building.

"Joan and I are pleased to make this gift to the Ford School in honor
of our longtime friends, President and Mrs. Ford. President Ford's own career
demonstrated the importance of quality leaders in public service," said
Sanford Weill. "I hope that our support of the School's new building will
enhance the education of tomorrow's leaders."

Sanford Weill is chairman of Citigroup Inc., the diversified global financial
services company formed in 1998 by the merger of Citicorp and Travelers Group.
Mr. Weill retired as CEO of Citigroup on Oct. 1, 2003, and will serve as chairman
until April 2006.

Mr. Weill became a director of the Federal Reserve Bank of
New York in 2001. He has served as chair of the Board of Trustees of Carnegie
Hall since 1991, and he co-chaired the fundraising campaign that raised $60
million for the Hall's restoration. He and his wife, Joan, also have been generous
benefactors of his alma mater, Cornell University. Both Mr. and Mrs. Weill
are actively involved with the Weill Medical College of Cornell University
where Mr. Weill serves as the chairman of the Board of Overseers and Mrs. Weill
serves as the co-chair of the Women's Health Symposium. Mrs. Weill, a graduate
of Brooklyn College, also is chair of the board of the Alvin Ailey American
Dance Foundation.

"This gift is very important to the Ford School and moves the building
much closer to construction," noted Rebecca Blank, dean of the Ford School. "Just
as the Ford name links us to a man whose life work was devoted to public service,
the Weill name will link us with Joan and Sanford Weill who have always found
time for community service in addition to their many achievements in the private
sector."

Gerald R. Ford, 38th president of the United States, received his Bachelor
of Arts degree from the University of Michigan in 1935. He was a member of
Michigan's national championship football teams in 1932 and 1933, and the U-M
campus is home to his presidential library.

Ford's lifetime of public service includes 25 years in the U.S. House of representatives.
He also was a member of the Presidential Commission investigating the assassination
of President John F. Kennedy. He succeeded Spiro T. Agnew as vice president
of the United States in 1973, and served as U.S. president from 1974-1977.

The University of Michigan's Gerald R. Ford School of Public Policy was established
in 1914 as the Institute for Public Administration and was one of the first programs
in the nation to train public managers. The school's curriculum emphasizes the
value of social science techniques in understanding, developing, implementing
and evaluating public policies. The school also brings many distinguished leaders
to campus to participate in public lectures and conferences on public policy
issues.